BlockDAG Soars to $23.2M Amid Launch of New Payment Methods, Undermining Shiba Inu Burn Rate & Dogecoin Price

0 60 2 minutes read

blockdag-soars-to-$23.2m-amid-launch-of-new-payment-methods,-undermining-shiba-inu-burn-rate-&-dogecoin-price

As the Shiba Inu’s burn rate soars and Dogecoin’s price shows growth, BlockDAG (BDAG)’s presale has reached impressive heights, amassing over $23.2 million as it rapidly approaches its tenth batch sellout. This surge underscores its potential to outshine the best meme coins. BlockDAG has also announced ten new payment options for purchasing BDAG coins, enabling investors to buy its coins using deposits of Bitcoin, Kaspa and other coins. Although, Shiba Inu and Dogecoin show noteworthy trends, BlockDAG’s dramatic increase in presale figures suggest a more vital market traction.

Shiba Inu Burn Rate Escalation

The Shiba Inu’s burn rate has witnessed a significant spike, increasing by 90% in just one day, which resulted in over two million SHIB tokens being permanently removed from circulation. This increase in the Shiba Inu burn rate is part of ongoing efforts to make SHIB tokens scarcer, thereby potentially boosting their value.

Despite a current dip in its price amidst a general market downturn, the sustained burn rate of Shiba Inu could hint at an upcoming rally. Moreover, the continuous development and upgrades to Shiba Inu’s Shibarium platform, which aims to enhance transaction efficiency and user experience, might further complement the increase in Shiba Inu burn rate, possibly triggering a future price increase.

Dogecoin Price Analysis

Dogecoin’s price currently stands at $0.127, showing a modest day-on-day increase of 1.84%, but has faced significant declines of 15.49% weekly and 32.10% monthly. Despite these fluctuations, Dogecoin has achieved a substantial annual growth of 61.58%, maintaining a strong market capitalization of $1.92 billion and ranking 8th among cryptocurrencies.

The market data reveals that Dogecoin is in a major accumulation zone. This suggests a potential buying opportunity, especially as the MVRV ratio is at -15%, indicating that the asset is possibly undervalued. The trading volume has increased by 12.69% in the last 24 hours, highlighting increased investor activity.

BlockDAG Presale Hits $23.2M Amid 30,000x ROI Projection

BlockDAG’s presale coin momentum is surging, having accumulated over $23.2 million as it nears the sellout of its tenth batch, with each coin priced at $0.006 in current batch. This notable achievement has captured the attention of cryptocurrency enthusiasts and potential investors, positioning it to surpass the best meme coins in the market.

BlockDAG has added 10 new payment methods, including BTC, USDT, Doge, SHIB, Solana, XRP, Polygon, Kaspa, Fantom, and Cardano. This inclusion has significantly enhanced accessibility and sped up the presale, attracting a broader investor base and surpassing the flexibility of the best meme coins.

The strategic inclusion of diverse payment options also amplifies BlockDAG’s growth trajectory with a bold promise of a 30,000x return on investment that could surpass the performance of many established coins. BlockDAG has also addressed privacy and security with innovative solutions in its DAGpaper. It enhances transaction privacy without broadcasting to the entire network, a feature surpassing traditional approaches in other coins. Combined with its Proof-of-Engagement consensus and no traditional mining, BlockDAG sets a new standard for environmentally sustainable blockchain technologies, surpassing many other coins in technological and environmental advancements.

Last Thoughts

BlockDAG’s remarkable presale success and projections of 30,000x return position this coin as a superior investment compared to fluctuations in the Dogecoin price and the current burn rate of Shiba Inu. With innovative privacy measures and a commitment to sustainability, BlockDAG not only meets but exceeds the benchmarks set by the best meme coins, presenting a compelling option for forward-thinking investors.

Join BlockDAG Presale Now!